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Nsenifty

BANKNIFTY INTRADAY for 14 Jan,20I am absolutely unable to get a view on the markets. Had banknifty moved just a little similar to way nifty moved, I was expecting a solid swing of around 350-400 point in total till this weekly expiry. If anyone has any idea what can work as a trigger for tomorrow's trading, plz mention in the comments. Yes, there is a trendline. But the ways zones have come out, I am certain that trading the trendline breakout tomorrow for long side would probably not give a stable sl or a proper risk to reward. Then only good thing that can happen is we get a gap up tomorrow on banknifty beyond UZone, in that case we can just ignore the trendline and trade the bounce from UZONE. Yes there is call writing, but obviously cannot be predetermined to short banknifty when nifty gave a promising closing. Lets see.
NSE:BANKNIFTY
by The_RedTicker
3
NIFTY INTRADAY for 14 Jan, 20Trading in its essence is very simple. Yes there are Elliot waves and all that, but they all always give you two options (anyone who does Elliot will understand). So in the end its always you who decides whether its looking like option A or B or sometimes even option C. It goes without saying, no one in the market can anticipate just about every news or sentimental impact of the news. What you can do is give yourself two options every single day. Ye hua to ye karunga, wo hua to ye karunga, warna trade nahi karunga. (if A happens i will do so and so, else if B happens i will do so and so, or else i wont trade). If you do this, during the market time (since morning, when you look at SGX and stuff) your mind wont be looking for trades but will be patiently looking for indications or hints regarding the options you gave yourself the day before and when the conditions are met, you will trade with easy. Trading really requires a whole lot of common sense and most ppl underestimate that. PS. Do check Nifty idea for 13 Jan, 20 linked below. That level of confidence can only be earned with extensive trading in the market. It took a whole lot of losses to learn that.
NSE:NIFTY
by The_RedTicker
BANKNIFTY INTRADAY for 13 Jan,20Zones are mentioned on chart. Newbie's takeaway: India Vix is good, markets are giving good moves. Weekly expirys, Short coverings, Full mood Long buildups, bull traps or bear traps at just the opening are all aligning so perfectly. If one has been in the markets for say past 3-4 years and still isnt able to make money in this kind of market, well sir/ma'am, there is something particularly wrong about your understanding of even the basics of the technicals of the markets. And I believe there's nothing wrong with that, just start with kindergarten again, read books, a lot of books! (not on technical indicators, but on technicals of markets, cycles or phases of markets, the psychology behind a spinning top or behind one day's gap up opening followed by next day's gap down opening). Long story short , You and I are rivals (that's how it is practically, right?). So, if you dont understand the game we are playing, how can you even think of a way or a method to beat me at it?? my "ONEPIECE IS REAL!!" wala speech :p
NSE:BANKNIFTY
by The_RedTicker
NIFTY INTRADAY for 13 Jan.20Zones are mentioned on chart. Newbie's takeaway: India Vix is good, markets are giving good moves. Weekly expirys, Short coverings, Full mood Long buildups, bull traps or bear traps at just the opening are all aligning so perfectly. If one has been in the markets for say past 3-4 years and still isnt able to make money in this kind of market, well sir/ma'am, there is something particularly wrong about your understanding of even the basics of the technicals of the markets. And I believe there's nothing wrong with that, just start with kindergarten again, read books, a lot of books! (not on technical indicators, but on technicals of markets, cycles or phases of markets, the psychology behind a spinning top or behind one day's gap up opening followed by next day's gap down opening). Long story short , You and I are rivals (that's how it is practically, right?). So, if you dont understand the game we are playing, how can you even think of a way or a method to beat me at it?? my "ONEPIECE is real!!" wala speech :p
NSE:NIFTY
by The_RedTicker
BANKNIFTY Risk/Reward Intraday play for 31 Dec,19Zones are very easy to trade once one gets the hang of it. Mentioned on the chart are levels for tomorrow (the last trading day of this year). Note: My primary trading account is with Interactive Brokers, which have scheduled off time on 1st Jan, 20. So, there probably wont be any Zone update for the first day of the next year. P.s. Newbie's new year Quote from The_RedTicker. Profit DOESN'T really matter at first. Just Aim to close the Day in green (excluding brokerage and Taxes). If done, then the week in green. If done, the month in green. If done, the year in green. When done, if you can close a trade in green consistently, pretty soon you have cushion to take higher risk and then you can aim for higher rewards. Basically, if you cant save, you just cannot grow. Not everyone can start with a hefty capital. So first, learn then just try to save you a** in the market every day and close in green as much as possible. Then maybe someday, you will have a life full of Green (In case of Indians, full of pink)
NSE:BANKNIFTY
by The_RedTicker
1